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Regis Resources Ltd.
Summary
| Project: | Duketon | |
|---|---|---|
| Deposit: | Tooheys Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-6-2017: Regis Resources Ltd. announces a Resource Estimation report for its Tooheys Well deposit at the Duketon project. Updated mineral resource estimate & Initial mineral reserve estimate for Tooheys Well deposit. The Board of Regis Resources Limited | |
| Resources: | (Reserve, P+P): 7.1Mt @ 1.61g/t Au for 366000oz Au at Tooheys Well | |
| CP/QP: | [Resources]: Jarrad Price (Internal) | |
| ABSTRACT: | The Board of Regis Resources Limited is pleased to announce an addition of 366,000 ounces to the Ore Reserves of the Company following the estimation of maiden Ore Reserves at the Tooheys Well gold project. The 100% owned project is located on a granted mining lease 2.5km south of the Garden Well gold mine and 5Mtpa processing plant. The maiden Ore Reserve estimate will replace the bulk of the expected reserve depletion from production for the 2017 financial year. Regis Executive Chairman, Mark Clark commented: “The addition of 366,000 ounces of gold to Regis’ Ore Reserves from recent drilling at Tooheys Well demonstrates the excellent organic growth potential that aggressive exploration of the prospective Duketon greenstone belts controlled by Regis can deliver. With Regis’ 5Mtpa Garden Well processing plant located only 2.5km to the north, mining of Tooheys Well will generate significant value for the Company. It extends the mine life of the project and should increase total Duketon production by more than 30,000 ounces per annum due to its significantly higher grade than the grade of the displaced ore from Garden Well.” | |
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